The banking industry in the GCC grew at a lower rate in 2015 than it did in 2014 with just a 7.2 per cent increase, stemming almost exclusively from major customer segments such as retail and corporate banking, a report said.
Base

Standard Chartered has appointed Simon Cooper as CEO, Corporate and Institutional Banking (CIB) from April 2016.
Cooper joins the Group from HSBC, where he is currently Group managing director and chief executive of Global Commerc

Barwa Bank, a Shari’ah compliant service provider in Qatar, has promoted Ahmed Abdulaziz Al Emadi as the new head of corporate banking.
Prior to joining Barwa in 2011, Al Emadi worked with HSBC. He holds a bachelor’s d

Barclays has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday.
The potential sale may impact up to 280 employees, a source fami

J P Morgan, a leading international financial services firm, has announced the appointment of Hussein Hassan as global head of its Islamic Finance practice.
Hassan will lead the firm's effort to further build out its Islamic o

An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert.
The issues facin

Lloyds TSB has appointed Bobby Liddell as its new head of corporate banking in the Middle East, the bank said in a statement on Sunday.
Liddell, who was previously senior manager for corporates at the bank in Dubai, will report to Richard

GCC corporate banking profitability is on its way to recovering from the turmoil of the financial crisis, according to the latest report by the Boston Consulting Group (BCG).
According to the firm's recently released Corporate Banking

The National Bank of Abu Dhabi (NBAD) has appointed Vasgen Edwards as the head of International Corporate Banking.
Edwards will manage the international corporate clients, with a mandate to grow the bank’s corporate banking business with

Some banks are now successfully shifting their focus from damage control to capitalising on the dynamics created by the downturn, according to a global report released by The Boston Consulting Group (BCG).
The study shows that between 2007